Zamil Industrial Investment Company

Zamil Industrial Investment Company (www.zamilindustrial.com) was founded in 1998. It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs more than 8,180 people in 55 countries. As an international manufacturing and fabrication group, it provides leading air conditioning, pre-engineered steel buildings, structural steel products, process equipment, transmission and telecommunications towers, open web joists and decks, architectural glass processing, aerated concrete products and fiber glass insulation solutions to meet the requirements of the global construction industry through its four sector businesses: Zamil Air Conditioners, Zamil Steel Industries ( www.zamilsteel.com ), Zamil Glass Industries ( www.zamilglass.com ) and Arabian Fiberglass Insulation Co. Ltd. ( www.afico.com.sa ).

For the year ended 31 December 2006, Zamil Industrial posted turnover of SAR 2.87 billion/USD 764.7 million, a growth of 21% over 2005, with net profit, after Zakat contribution, of SAR 191.7 million/USD 51.1 million. Post Zakat Earnings per Share during 2006 grew to SAR 4.26 (USD 1.14) from SAR 2.36 (USD 0.63) representing 80.2% growth. Shareholders' equity grew by 26.2% to SAR 741.5 million/USD 197.7 million. Export sales accounted for SAR 1105.6 million/USD 294.8 million representing 39% of total revenues and 18.4% growth over 2005. Zamil Industrial exports to more than 80 international markets..

Zamil Industrial shares are actively traded on the Saudi Stock Market.

Zamil Air Conditioners

Zamil Air Conditioners (ZAC) was founded in 1974 as one of the first air conditioning business to be established in Saudi Arabia and today is a leading international manufacturer of air conditioning systems and is Number 1 in the Middle East. It designs, manufactures, tests, markets and services a comprehensive range of air conditioning products, from compact room air conditioners and mini splits to large scale central air conditioners, chillers and air handling units for highly specialized commercial and industrial applications. These products and services are marketed under various brand names - Classic, Cooline, Cool Care, Clima Tech, Kessler Clima Tech and Geoclima - depending on specific markets. ZAC's factories are located in Dammam, Saudi Arabia and Italy.

ZAC is also involved in the production of branded air conditioners for several leading international manufacturers under Original Equipment Manufacturer (OEM) agreements. It operates a joint venture between Zamil Industrial Investment Company and General Electric, called Middle East Air Conditioners Ltd. (MEAC).

ZAC has been vigorously moving into newer markets, seeking strategic alliances and investing heavily in R&D.

ZAC is one of four sector businesses of Zamil Industrial Investment Company.

For more information, please visit www.zamilac.com

Zamil Steel Industries

Founded in 1977, Zamil Steel (ZS) is a global leader in the manufacture of pre-engineered steel buildings and the Middle East's premier supplier of structural steel products and process equipment, transmission and telecommunications towers. Zamil steel operates a joint venture between Zamil Industrial Investment Company and Steel Plus, a subsidiary of Canam Group, Canada, called Canam Asia Ltd. (CAL), to design and fabricate open web steel joists and roof and floor steel decks.

ZS manufactures a total 250,000 MT of fabricated steel per annum of low rise and high rise steel buildings and structures for diverse industrial, commercial, agriculture, aviation, entertainment and military applications and support of infrastructure and development projects. Zamil Steel's products are sold in more than 80 countries through an international network of dedicated sales and representative offices, certified builders, agents and distributors.

Zamil Steel's main factories are based in Dammam, Saudi Arabia. Additional factories are located in Egypt, Vietnam and Ras Al Khaima (UAE). More than 600 engineers are employed in its engineering departments in Saudi Arabia, Jordan, Egypt, Vietnam and India

ZSI is one of four sector businesses of Zamil Industrial Investment Company.

For more information, please visit www.zamilsteel.com .

Zamil Glass Industries

Zamil Glass Industries (ZGI) was founded in 1983 in Dammam First Industrial City, Kingdom of Saudi Arabia. It is a prominent processor of architectural glass, including tempered, heat strengthened, laminated, insulating, heat mirror high performance and fire resistant glass. ZGI's products serve the requirements of the construction industry in GCC countries and in selected international markets.

ZGI is one of four sector businesses of Zamil Industrial Investment Company.

For more information, please visit www.zamilglass.com

Arabian Fiberglass Insulation Co. Ltd. (AFICO)

Arabian Fiberglass Insulation Co. Ltd. (AFICO) manufactures premium quality glass wool insulation products for industrial and commercial applications. It is also the only manufacturer of fiberglass insulation products in Saudi Arabia.

AFICO is a joint venture between Zamil Industrial Investment Company and Owens Corning, USA, the world leader in the technology of manufacturing fiberglass products. Zamil Industrial holds a 51 per cent stake in the company, after acquiring it from Saudi Arabian Amiantit Group in January 2006, with Owens Corning holding the remaining 49 per cent.

Under license from Owens Corning Cayman and utilizing its technical specifications, AFICO's premium quality products and services are comparable with those of its counterparts in the United States and Europe. AFICO's leadership in the markets it serves is also based on its expertise gained through more than 20 years of successful operations

The company was established in 1981 with headquarters and manufacturing facilities in Dammam First Industrial City in the Eastern Province of the Kingdom of Saudi Arabia. Sales offices in Dammam, Riyadh, Jeddah, Dubai and Beirut and strategic business alliances with competent distributors across various international markets serve customers throughout all six Gulf Cooperation Council countries, the wider Middle East and Far East region.

AFICO is one of four sector businesses of Zamil Industrial Investment Company.

For more information, please visit www.afico.com.sa